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tax pollution a carbon tax is been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor and i don't you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is what you're talking about and we have perverse incentives so people like romney they want all the services in new usa but they go into these tax haven islands overseas like you know bahamas and so forth to pay for is zero taxes and even here it pays fifteen percent that's a capital gain and that's what he says you make a statement deed he hasn't released his tax returns for fourteen years the way his father did when he ran for does we don't know that chapter number to make our communities more self-reliant how do we do ok that's already in place it just got to be more widespread every time we p
tax pollution a carbon tax is been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor and i don't you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is...
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Nov 1, 2012
11/12
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tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not because they want less money. they know if businesses grow and thrive there they will get more money. so that's how it works. so i want to bring our tax rates down to help small businesses and make it easier for people to start them. i want to make sure we understand how to make regulations work for small business. by the way some people in our party say we want to deregulate. that's an overstatement. we want to get rid of excessive regulation. we know you have to have some to make our economy work. but sometimes regulators look at businesses like they're the enemy. and i have small businesses
tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not...
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. >>> the tax returns of more than three million south carolina residents have been hacked. the state's revenue department says social security numbers, credit card information, and business records from tax records dating back to 1998 may have been compromised. it is considered the largest cyber attack against the state tax department in u.s. history. both state and federal agencies are now investigating. >>> stay with us now. news4 today continues at 5:00 a.m. >>> and now, this is "news4 today." >>> developing right now, reignited. the massive flames that flared up in d.c. causing crews to call for backup. >> welcome to "news4 today" for this thursday, november 1st, 2012. the death toll continues to climb four days after sandy made landfall. so far, the storm claimed 74 lives. more than five million homes and businesses are without power across the east coast. most of those outages are in the new york area. meantime, president obama saw the damage on the jersey shore firs
. >>> the tax returns of more than three million south carolina residents have been hacked. the state's revenue department says social security numbers, credit card information, and business records from tax records dating back to 1998 may have been compromised. it is considered the largest cyber attack against the state tax department in u.s. history. both state and federal agencies are now investigating. >>> stay with us now. news4 today continues at 5:00 a.m. >>>...
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we both agree we agree we have to bring the tax rates down i felt the same as the president did governor romney i'm glad. you agree let's come back to something the president i agree on and there to you agree that the voters have a choice perhaps you wonder who to vote for when romney and obama agree on so many things never you do have other options come november sixth tune in to see the second round of debates between the major third party candidates right here on r.g.p. . i will write. that i also promise that i find every single day on the road. like. my own. welcome back we're talking to bill bonde our founder of a gore i he's with us in studio and before the break we were talking about a financial recovery not a. fake economic recovery but a sustainable one so i want to ask you about this because people are talking about consumer spending they're excited the consumer confidence up posted i think a four year high today we have a chart like this i can show you of retail sales if we can bring it up it shows them improving after declining you know for for some time why is this something
we both agree we agree we have to bring the tax rates down i felt the same as the president did governor romney i'm glad. you agree let's come back to something the president i agree on and there to you agree that the voters have a choice perhaps you wonder who to vote for when romney and obama agree on so many things never you do have other options come november sixth tune in to see the second round of debates between the major third party candidates right here on r.g.p. . i will write. that i...
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Nov 1, 2012
11/12
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FOXNEWS
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the high court rules on the merit of the health care tax, not the moral stuff that liberty suit raised but if justice is willing to entertain other arguments like liberty, think about it, the supreme court, they could vacate the lower court ruling and rehear the entire case. it is a stretch and the supreme court has not scheduled a time to consider the request but it is not entirely unlikely. what does it mean when the justice department says we are open to haggle over this. what does that mean? >>guest: well, the thing is, they could impose it and it makes it look like they are ramming it down everyone's throat but if they say they are not opposed they understand our country is founded on religious freedom and every case has a right to be heard. >>neil: the timing? i don't want to be cynical or jaded but a few days before election day and a lot of people seething over the health care ruling and lo and behold the justice department move to ameliorate that saying they are willing to debate the grounds, jump ball supreme court? >>guest: you are reading my mind. it seems like a political
the high court rules on the merit of the health care tax, not the moral stuff that liberty suit raised but if justice is willing to entertain other arguments like liberty, think about it, the supreme court, they could vacate the lower court ruling and rehear the entire case. it is a stretch and the supreme court has not scheduled a time to consider the request but it is not entirely unlikely. what does it mean when the justice department says we are open to haggle over this. what does that...
WHUT (Howard University Television)
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Nov 1, 2012
11/12
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WHUT
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the trial begins of the whistle-blowing greek journalist charged after trying to expose wealthy tax avoiders. he tells us why he acted. >> the government has lied and have made a mockery of the greek people with this list. they were obliged to pass it to parliament or to the justice system. > w i'm david eades. also coming up in the program -- how does china spread the wealth? we reflect on one of the great challenges facing the next generation of leaders. and from action man to a man of inaction, does this latest stunt explain president putin's bad back and the cancellation of appointments? >> hello. thanks very much for being with us. millions of americans are grad weight waking up to a third day without power as they continue to count the cost of the superstorm, sandy. within the last hour, new york's subway has resumed a limited service at least. elsewhere, transport and infrastructure remains is he severely affected. today, 70 people are known to have been killed during the storm. on a visit to one of the worst affected areas, new jersey, president obama promised senior officials in all
the trial begins of the whistle-blowing greek journalist charged after trying to expose wealthy tax avoiders. he tells us why he acted. >> the government has lied and have made a mockery of the greek people with this list. they were obliged to pass it to parliament or to the justice system. > w i'm david eades. also coming up in the program -- how does china spread the wealth? we reflect on one of the great challenges facing the next generation of leaders. and from action man to a man...
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Nov 1, 2012
11/12
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. oh look. here comes my date. [ male announcer ] state farm. more mobile than ever. get toe. >> you know what has been a real sucker trade? being gloomy about retail. looking back to last night's interview with the ceo of pvh, remember, the same time he announced that deal, he put it out to october. a statement that is incredible given the brett business. a whole host of different price points, dominating department stores. we worked endlessly and oc
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet...
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he breaks down the truth on taxes an even more. steve, i want to talk to you all about your fantastic book which everyone should order immediately. i want to ask you quickly, do you think superstorm sandy will affect the accuracy of friday's jobs numbers? what do you think?. >> we may see a slight downturn in jobs numbers as a result of the storm because employers are not hiring while there is a big storm going on. i think the big story on the jobs report on friday, i think it is humongous, it may be one of the most important jobs report in american history because it could decide the outcome in this election. if we see unemployment rate go back up to 8% which i think it could because we had a artificial bump up in the number of jobs. nobody believes we created 800,000 jobs last month. it was a blip. if you get a correction for the october numbers that could bring the unemployment rate up 8%. that is one obama doesn't want is an eight next to the unemployment number. melissa: there were 759,000 people magically found a job but didn
he breaks down the truth on taxes an even more. steve, i want to talk to you all about your fantastic book which everyone should order immediately. i want to ask you quickly, do you think superstorm sandy will affect the accuracy of friday's jobs numbers? what do you think?. >> we may see a slight downturn in jobs numbers as a result of the storm because employers are not hiring while there is a big storm going on. i think the big story on the jobs report on friday, i think it is...
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there is tax relief, how so? >> that is a question. in terms of tax relie there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the government, where you can get those types of services. gerri: the cdc will have some clean-up tips. is that on their website. >> absolutely. you can go to cdc and get those helpful tips as well. gerri: i know people tonight are sitting at home talking about what can i do, what can i do right now to help get this back up and running? uld you say to people who are looking for that disaster plan? >> you need to assess the damage, assess the damage i like to your existing business, ut project going forward with this will do to your local economy, particularly if
there is tax relief, how so? >> that is a question. in terms of tax relie there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the...
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that is not a tax, that's a tip, okay? >> mitt romney told kelley river that he tries were as little as possible when he goes to bed. this explains why he said he's eager he is eager to become the first minute when she. >> just a few of the jobs and it turns out that most of the wisecracking was at romney's expense. care to break it down is racial demagoguery from the 70s to obama. tell me what to make of these numbers that we just talked about? remark we are talking about think that the democrats had done. and they thought, well, that's funny. anyone who knows anything about politics, they want you to think about what happens, and the letterman joked, they possibly could be funny. he is famous for flying southwest even when it's not campaigning. [talking over each other] it wasn't quite the same way. but the people in the audience should get the joke come and, and stupid people should not understand that. [laughter] you have to be stupid to laugh. gerri: i want to bring up "the new york times" and how they interpret the n
that is not a tax, that's a tip, okay? >> mitt romney told kelley river that he tries were as little as possible when he goes to bed. this explains why he said he's eager he is eager to become the first minute when she. >> just a few of the jobs and it turns out that most of the wisecracking was at romney's expense. care to break it down is racial demagoguery from the 70s to obama. tell me what to make of these numbers that we just talked about? remark we are talking about think...
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tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> jerry sandusky, the former penn state assistant football coach and convicted child sexual predator has been transferred to a super max security prison near pittsburgh where he'll serve his sentence of 30 to 60 years. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champ. he won on the 399th hand of texas hold 'em. look at that. collecting more than $8.5 million and a gold championship bracelet that's worth 150,000 bucks. looking cool with that stack of cash there. >>> and now a look at how wall street begins this thursday after sandy forced a shortened week of trading. the dough closed at 13,096 after losing ten points yesterday. the s&p was up a fraction but the nasdaq lost ten. 13, actually in overseas trading this morning, the nikkei gained 18 points while in
tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> jerry sandusky, the former penn state assistant football coach and convicted child sexual predator has been transferred to a super max security prison near pittsburgh where he'll serve his sentence of 30 to 60 years. >>> and the new world poker champ is a 24-year-old recovering drug addict and...
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Nov 1, 2012
11/12
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WBAL
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down to pennsylvania and new york at this point and for us to punish our citizens by imposing these taxes is not a good thing. >> the state of maryland is actively requiring counties to spend billions of dollars to clean up the lower part of the day but they are not addressing what is going on here. >> this is one of the biggest sources adding to the sediment and nutrients and it's not being addressed in any of the legislation being passed. >> a representative says sediment and pollution is killing the day. >> the runoff from this flood will devastate the upper part of the day again. last spring, we have no rock fish hatch. the worst ever hatch. >> a senior scientist with the chesapeake bay foundation disagrees. >> there is a problem with sediment behind a dam and there's a study going on right now to look at what some of the options are. but to use that as an excuse, we think that a complete destruction. >> here is a look at some of our main stories -- two big water main breaks and shutdown two main fares in baltimore city. public works officials say the first one happened along the 1800
down to pennsylvania and new york at this point and for us to punish our citizens by imposing these taxes is not a good thing. >> the state of maryland is actively requiring counties to spend billions of dollars to clean up the lower part of the day but they are not addressing what is going on here. >> this is one of the biggest sources adding to the sediment and nutrients and it's not being addressed in any of the legislation being passed. >> a representative says sediment...
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Nov 1, 2012
11/12
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KRCB
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election, lawmakers have a chance to boost the economy by reaching an agreement to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today,
election, lawmakers have a chance to boost the economy by reaching an agreement to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was...
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Nov 1, 2012
11/12
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ñ taxes on >>the rich, you're going to destroy our economy." not true! >> eliot: who built that was the question that framed the election for a month during the convention season. as the republican party tried to mock the sensible and correct argument made by president obama, the government had, in fact, built much of what made our economy tick. from many of the essential pieces of our infrastructure to thethe great public universities that produce ground-breaking technology and funding research and development all of this is what permits and helps our economy to forge ahead. and put aside for the moment that the speakers at the republican convention took the president's statement totally out of context asserting that the president claimed government built the businesses, not the surrounding infrastructure that permits businesses to drive. ignoring the facts speaker after speaker came to the podium at the republican convention and said mockingly, we built that. as if to debunk the need for government. the speeches, in fact, captured the disdain that romn
ñ taxes on >>the rich, you're going to destroy our economy." not true! >> eliot: who built that was the question that framed the election for a month during the convention season. as the republican party tried to mock the sensible and correct argument made by president obama, the government had, in fact, built much of what made our economy tick. from many of the essential pieces of our infrastructure to thethe great public universities that produce ground-breaking technology...
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Nov 1, 2012
11/12
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tax department in american history. more than three million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> the new world series of poker champion is a 24-year-old recovering drug addict and college dropout. greg mercen is from maryland. he won almost 399 hands of texas hold em collecting more than $8.5 million and that piece of bling, a gold championship bracelet worth about $150,000. must be nice. >>> now here's a look at how wall street begins this thursday. the dow closed at 13,096. the s&p 500 was up a fraction. the nasdaq lost ten. taking a look at overseas trading this morning, nikkei gained 18 points, hong kong, the hang seng climbed 180. >>> markets ended october lower but there is good news. they're all way up for 2012. the dow slid 2.5% last month. it is more than 7% this year up. the broader s&p 500 down 2% in october. added, 12.5% in the last ten months. and the nasdaq, the biggest loser, nearly 5%. but was also the biggest winner s
tax department in american history. more than three million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> the new world series of poker champion is a 24-year-old recovering drug addict and college dropout. greg mercen is from maryland. he won almost 399 hands of texas hold em collecting more than $8.5 million and that piece of bling, a gold championship bracelet worth about $150,000. must be nice....
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Nov 1, 2012
11/12
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we shouldn't be ending college tax credit to pay for millionaires' tax cuts. we should be making college more affordable for everyone who is willing to work for it. we should recruit 100,000 math and science teachers so high-tech highway jobs aren't created created in china. they're created right here in green bay, wisconsin. we should work with community colleges to train another 2 million americans with skills that businesses are looking for right now. that's my plan for the future. that's what change is. that's the america we're fighting for in this election. change comes when we live up to our legacy of innovation. and make america home to the next generation of manufacturing, scientific discovery, technological breakthroughs. i'm proud i've bet on american workers and american ingenuity and the american auto industry. and today, we're not just building cars again, we're building better cars. cars that, by the middle of the next decade will go twice as far on a gallon of gas. today, there are thousands of workers building long-lasting batteries and wind tu
we shouldn't be ending college tax credit to pay for millionaires' tax cuts. we should be making college more affordable for everyone who is willing to work for it. we should recruit 100,000 math and science teachers so high-tech highway jobs aren't created created in china. they're created right here in green bay, wisconsin. we should work with community colleges to train another 2 million americans with skills that businesses are looking for right now. that's my plan for the future. that's...
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Nov 1, 2012
11/12
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WUSA
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. >> the fact that you're a little at a float because health insurance was taxed. i think that we just heard possibly the power come on. now i know that we are safe. and now you know that you are safe, steve. >> he is smiling. >> yes, he's smiling. >> all right, back live now. back live here in clifton with the nichols. i want to show you a little video when we first arrived. so i want to show you that and then talk to both haline and steve. let's take a look. >> hey. hi! hey steve. how are you? he's okay. >> hi. >> it is so nice to meet you. oh don't cry. no, don't cry. [ laughter ] >> it is such a treat. because you made everybody here. >> this whole day has been a treat for me and seeing you with the 9news hat on, it just makes my day. everyone in our newsroom is so happy to see you guys are safe and the power is back on. thank you for reaching out to me. >> anita, this is truly our luckiest day. >> okay. i think that we're having a bit of technical difficulty there and so unfortunate. right in the middle of just a special moment there. >> yes, indeed with the n
. >> the fact that you're a little at a float because health insurance was taxed. i think that we just heard possibly the power come on. now i know that we are safe. and now you know that you are safe, steve. >> he is smiling. >> yes, he's smiling. >> all right, back live now. back live here in clifton with the nichols. i want to show you a little video when we first arrived. so i want to show you that and then talk to both haline and steve. let's take a look. >>...
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q it has been a good day following that tax related mutual fund selling that ended yesterday. we got into a good start. china coming of better. adp gains. lower jobless claims. optimism for tomorrow's employment report. it may turn into a rally in november. most importantly, we have the election coming up next week. david: him, stay where you are. we want to bring in brian. it was a surprising three digit gain on the dow and s&p. were you surprised and, specifically, leading into the huge jobs report that will affect the election and markets, as well, how do we prepare for that? >> i think what you have this afternoon is a little bit of a melt up and short covering going in. we spent the month of october consolidating. now that we are setting up for the election, i think you are seeing physicians squaring at this point in time. the fiscal cliff will be the big focal point. you had the new adp report. some positivity going into those numbers for the employment data tomorrow. big picture here, though, i don't think anyone will be a hero right now. you are looking at the earnings
q it has been a good day following that tax related mutual fund selling that ended yesterday. we got into a good start. china coming of better. adp gains. lower jobless claims. optimism for tomorrow's employment report. it may turn into a rally in november. most importantly, we have the election coming up next week. david: him, stay where you are. we want to bring in brian. it was a surprising three digit gain on the dow and s&p. were you surprised and, specifically, leading into the huge...
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Nov 1, 2012
11/12
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WTTG
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in washington, allen voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. >>> d.c. police were out in full force for the am georgetown halloween festivities. they made their presence felt early and often to keep things from getting out of control to avoid a scene like this one last year what a shooting marred the celebration. audrey barnes is live right now. >> reporter: you can see over my shoulder that there are a lot of police out here. they are determined to stay ahead of any troublemakers. here is the real story of georgetown halloween. all the revelers determined to have fun, under the watchful eye of d.c. plays who want to make sure that all the visitors get home safely. >> happy halloween. >> the party atmosphere was in full force in georgetown. people wearing costumes. >> aim bumblebee. >> do you have any special super powers? >> not tonight. >> happy halloween. >> first timers said it wa
in washington, allen voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. >>> d.c. police were out in full force for the am georgetown halloween festivities. they made their presence felt early and often to keep things from getting out of control to avoid a scene like this one last year what a shooting marred the celebration....
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Nov 1, 2012
11/12
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KNTV
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made some extensions, giving more time to pay business taxes, that sort of thing it is cold, very cold, no electricity, no heat, it is tough. >> and i'm watching your pictures in the report for the town of manasquan, lester holt with our overview of this tonight, thank you. these emergencies are still coming into us tonight, as well, across this vast region, including one happening in a densely packed, tightly inhabited urban area, just across the hudson river from new york city, in hoboken, new jersey, correspondent katy tur has been covering there for us all day, good evening. >> reporter: good evening, brian, for the first time since monday night people are able to leave their homes to get a good sense of what the damage is. but the water is still very high in a number of these areas, and they're not expecting it to be fully gone until at least tomorrow night. 20,000 people trapped, hoboken became a virtual island as 500 million gallons of water overwhelmed the town. by wednesday morning the national guard came in to help, delivering much needed food and supplies to those still stra
made some extensions, giving more time to pay business taxes, that sort of thing it is cold, very cold, no electricity, no heat, it is tough. >> and i'm watching your pictures in the report for the town of manasquan, lester holt with our overview of this tonight, thank you. these emergencies are still coming into us tonight, as well, across this vast region, including one happening in a densely packed, tightly inhabited urban area, just across the hudson river from new york city, in...
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Nov 1, 2012
11/12
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CSPAN
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tax hikes and spending cuts that neither party supports in full. december 31, almost every tax cut enacted since 2001 will expire. $109 billion across-the-board spending cut begin taking effect. half of the cuts come from national defense. day.ry 20 is a inauguratioinaun mid february, the treasury department estimates another raise in the current $16.40 trillion debt limit will be needed requiring a vote in congress. march 27, the current funding for the federal government runs out threatening a shutdown. the next call on who is best to reach across the aisle comes from providence, rhode island, where john is a democrat. caller: unfortunately, my party as much as they have been talking about the republicans, my party has been more and more taken over by the extremist fringe. you have to look at their resume to see what they have done in the past. mitt romney had to work with the other side. obama really sold us out in the last four years. host: some tweets we have been getting on this question include -- yesterday in new jersey, the president spoke
tax hikes and spending cuts that neither party supports in full. december 31, almost every tax cut enacted since 2001 will expire. $109 billion across-the-board spending cut begin taking effect. half of the cuts come from national defense. day.ry 20 is a inauguratioinaun mid february, the treasury department estimates another raise in the current $16.40 trillion debt limit will be needed requiring a vote in congress. march 27, the current funding for the federal government runs out threatening...
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Nov 1, 2012
11/12
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CNBC
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what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended commitments to continuing that stimulus. that's a tail wind that i think investors ignore at their peril. the only things holding the market back are some uncertainties of the fiscal cliff, over what kind of terms will be imposed on spain to receive bailouts. if you resolve those uncertainties in a little bit more positive light than the prior speaker was suggesting, and i think he will, then i think you're goi
what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of...
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tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champion. he won on the 399th hand of texas hold 'em, collecting more than 8.5 million bucks. and nice bling, a gold championship bracelet that's worth $150,000. not even a smile. >>> and now a look at how wall street begins this thursday after sandy forced a shortened week of trading. the dow closed at 13,096 after losing ten points yesterday. the s&p was up a fraction, but the nasdaq lost ten. taking a look at overseas trading this morning, the nikkei gained 18 points, while in hong kong, the hang seng climbed 180. >>> markets ended october lower, but there is good news. they're all way up for 2012. the dow slid 2.5% last month, but it's up more than 7% this year. the broader s&p down 2% in october added 12.5% in the
tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champion. he won on the 399th hand of texas hold 'em, collecting more than 8.5 million bucks. and nice bling, a gold championship bracelet that's worth $150,000. not even a smile....
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tax returns. >>> right now let's get a check on that thursday forecast. christina loren is here to tell us all about it. >> you won't need your umbrella in just a couple of hours from now. we still have some very light showers coming down over los gatos and santa cruz mountains but overall clearing. you can see the trend, we're nice and try from santa rosa down to san francisco. even livermore starting to clear out as well. so highs are going to be comfortable, partial sunshine. the sun will come out toward the second part of the day but we'll see the 70s. we're in the upper 50s and 60s everywhere. 65 degrees in fremont and 66 in san francisco. next three days work out like this. we are going to climb into the upper 70s, low 80s saturday into sunday. don't forget we've got that time change on sunday, 2:00 a.m., we fall back. >>> 101 on san jose just north of 680. we'll show you on the map accident 87 at 280 right around the interchange there through downtown. we see how very slow it is twon 80 jam
tax returns. >>> right now let's get a check on that thursday forecast. christina loren is here to tell us all about it. >> you won't need your umbrella in just a couple of hours from now. we still have some very light showers coming down over los gatos and santa cruz mountains but overall clearing. you can see the trend, we're nice and try from santa rosa down to san francisco. even livermore starting to clear out as well. so highs are going to be comfortable, partial sunshine....
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a tax cut for the top one percent some even after unprecedented deadly tornadoes in joplin the freak damage caused by hurricane irene house republicans held up fema funds and demanded local communities more than what's historically been required and just yesterday when you jersey communities completely wiped away republican congressman steve king warned against giving too much federal aid to those affected by hurricane sandy saying i want to get them the resources that are necessary but not one big shot to just open up the checkbook because they spend it on gucci bags and massage parlors and everything. it's generally much easier for the wealthy to ride out hurricanes from the comfort of their second occasion homes they can even live tweet what they see on the weather channel it's much easier for the wealthy to pay for home repairs of their top of the line home insurance plans and the rich never miss a paycheck because they can't get their work because people like mitt romney and paris hilton get their dividend checks wherever they are and whatever they're doing but what about the am
a tax cut for the top one percent some even after unprecedented deadly tornadoes in joplin the freak damage caused by hurricane irene house republicans held up fema funds and demanded local communities more than what's historically been required and just yesterday when you jersey communities completely wiped away republican congressman steve king warned against giving too much federal aid to those affected by hurricane sandy saying i want to get them the resources that are necessary but not one...
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if we're serious about the deficit, we've also got to ask the wealthiest americans to go back to tax rates they paid when bill clinton was in office because, as long as i'm president, i will never turn medicare into a voucher to pay for another millionaire's tax cuts. i will never allow the nation to be plunged into another battle over health care reform just so insurance companies can jump back into the driver's seat. and i will never allow politicians in washington to control health care choices that women should be making for themselves. so, wisconsin, we know what change is. we know what the future requires. we don't need a big government agenda or a small government agenda. we need a middle class agenda that rewards hard work and responsibility. we don't need a partisan agenda. we need a common sense agenda that says, when we educate a poor child, we'll a. be better off we need a vision that says we don't just look out for yourself. we look out for one another. we look out for future generations. and we meet those obligations by working together. that's the change we believe in.
if we're serious about the deficit, we've also got to ask the wealthiest americans to go back to tax rates they paid when bill clinton was in office because, as long as i'm president, i will never turn medicare into a voucher to pay for another millionaire's tax cuts. i will never allow the nation to be plunged into another battle over health care reform just so insurance companies can jump back into the driver's seat. and i will never allow politicians in washington to control health care...
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have been knocked off their foundations are uninhabitable could very well drop off, which could cause tax rolls, which could cause a real revenue problem for the municipality. it's going to be a serious problem. >> mr. mayor, the boardwalk and the beach is the beach gone? is it damaged? is it recoverable? >> it varies in different places but the beach right now we've always had sand dunes in front of the boardwalk. it's been a natural barrier. itright now the boardwalk the boards are gone, but the pilings are ten feet in the air which means eight feet or ten feet of sand dune are gone, and then below that another ten feet. we've lost sand from the beach level. the water is lapping up. if we had another storm right now, the whole ocean is going to be in the streets. >> eliot: mayor keleher thank you for joining us. our thoughts and prayers are with you. >> i appreciate it. >> eliot: wow, that is devastation. you look at those pictures, parts of new york city looks like that. my goodness, you see complete--communities completely gone. >> that's exactly right. the thing with new york city, i
have been knocked off their foundations are uninhabitable could very well drop off, which could cause tax rolls, which could cause a real revenue problem for the municipality. it's going to be a serious problem. >> mr. mayor, the boardwalk and the beach is the beach gone? is it damaged? is it recoverable? >> it varies in different places but the beach right now we've always had sand dunes in front of the boardwalk. it's been a natural barrier. itright now the boardwalk the boards...
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on one hand, tax cuts for the wealthiest. on the other hand, disaster relief for you and your family when you need it. very clear. i want to tell you that my heart goes out to the people in new york and up and down the atlantic seaboard. i don't doubt that the republicans care about our fellow americans too. but it's not just a matter of private charity. government has to be a part of this. government has to play an important role, and i think that this is a decision point. you know because people might say it's not right to make politics out of this, but let's face it, we're making a political decision in a few days and this is exhibit-a in which way this should go in my mind. >> eliot: it's about the debate in the role of government. >> right. >> eliot: this is what we should be doing, in context of this that frames what the are. as you pointed out private charity cannot deal with the enormous arm of suffering nor can charity build the infrastructure that we need to prevent it, whether it's a levy or subway system, and the
on one hand, tax cuts for the wealthiest. on the other hand, disaster relief for you and your family when you need it. very clear. i want to tell you that my heart goes out to the people in new york and up and down the atlantic seaboard. i don't doubt that the republicans care about our fellow americans too. but it's not just a matter of private charity. government has to be a part of this. government has to play an important role, and i think that this is a decision point. you know because...
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. >> another $5 trillion tax cut that favors the wealthy isn't change. >> no! >> turning medicare into a voucher is change, but we don't want that change. >> reporter: the president's schedule over the next five days tells you a lot about his campaign strategy. he'll be spending a great deal of time in ohio and wisconsin, trying to build a midwest firewall to prevent governor romney, scott, from getting 270 electoral votes. >> pelley: well, nancy, governor romney went hunting for votes today in another swing state, virginia. and jan crawford is covering his campaign. >> we really can't have four more years like the last four years. i know the-- the obama folks are chanting four more years, four more years. but our chant is this-- five more days. >> reporter: at a hal nevirginia, a campaign cheer was also a reminder of how little time is left. >> five more days! five more days! >> reporter: before the hurricane, romney had momentum. the race was in a dead heat, and he was tied or within striking distance in battleground states. but the storm knocked him off the
. >> another $5 trillion tax cut that favors the wealthy isn't change. >> no! >> turning medicare into a voucher is change, but we don't want that change. >> reporter: the president's schedule over the next five days tells you a lot about his campaign strategy. he'll be spending a great deal of time in ohio and wisconsin, trying to build a midwest firewall to prevent governor romney, scott, from getting 270 electoral votes. >> pelley: well, nancy, governor romney...
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thinking you are such a great business reporter, you know, what i really want to know is what is on the tax returns that mitt romney won't show us? i think that's what america wants to know. >> if i may have the last word, the crazy thing is ali velshi will tell us that as well.
thinking you are such a great business reporter, you know, what i really want to know is what is on the tax returns that mitt romney won't show us? i think that's what america wants to know. >> if i may have the last word, the crazy thing is ali velshi will tell us that as well.
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he denies that he has a $5 trillion tax cut plan, skewed towards the wealthy, that would increase taxes on the middle class. it comes down to, who do you trust? >> well, he just won't answer any -- >> and president obama has consistently been there. >> no doubt. now, with this storm, and the aftermath, you think voters will react to romney's theme of flip-flop? is this a major issue for him right now, where it would affect voters? >> well, you know, i think there's a very clear example here, where you have the president, you know, making sure that we put first things first, you lay politics aside, and both as the storm was approaching and in the aftermath of the storm, that as commander in chief, he's protecting the americans who are in harm's way. and making sure that we can get things cleaned up and get them -- their needs taken care of -- >> but, i mean, mitt romney has talking about privatizing this part of the government. this has been his philosophy. >> yes, and as a floridian, that's very disturbing. i can tell you that because six months of the year in florida, we are in harm's
he denies that he has a $5 trillion tax cut plan, skewed towards the wealthy, that would increase taxes on the middle class. it comes down to, who do you trust? >> well, he just won't answer any -- >> and president obama has consistently been there. >> no doubt. now, with this storm, and the aftermath, you think voters will react to romney's theme of flip-flop? is this a major issue for him right now, where it would affect voters? >> well, you know, i think there's a...
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they originally wanted to also tax bullets. that has been dropped had they it will help curb the crime rate. the devastation of hearn sandy will be going to our neighbor from the north. it brought down trees and power lines in ontario, canada. two people died there. thousands are still without power. the cleanup there could top a million dollars. >>> sandy taking the biggest hit on the jersey shore up and down the coast people are surveying the damage left behind. this is a look at belmar, new jersey. that's where the boardwalk was wiped out. homes flooded shore landmarks destroyed. that is where robert moses is live. what does it looks like this morning? >> heather, good morning to you. good morning everyone. december trouks real livery where you look here. take a look, just behind me you can see the shingles have been ripped off that roof during hurricane sandy. the thing we have scenery petedly is right underneath my feet. we' we are not on a beach or on a street. you can see all of the sand, mounds of sand piled on the side
they originally wanted to also tax bullets. that has been dropped had they it will help curb the crime rate. the devastation of hearn sandy will be going to our neighbor from the north. it brought down trees and power lines in ontario, canada. two people died there. thousands are still without power. the cleanup there could top a million dollars. >>> sandy taking the biggest hit on the jersey shore up and down the coast people are surveying the damage left behind. this is a look at...
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you are such a great business reporter, you know, what i really want to know this week, what's on the tax returns that mitt romney won't show us? that's what america wants to know. what's he hiding? >> the great thing is that ali velshi will tell us on that as well. and he is outstandingly courageous. we have to go. we're running late. >> if you don't like it here, come work for me. >> that is worse than standing in the water in atlantic city. >> that's true. >>> piers, thank you very much. good evening 10:00 on the east coast. hoboken, new jersey, the fallout from sandy, still coming. new york governor andrew cuomo expecting to be briefing the media shortly. we'll bring you late-breaking details. the national guard is out in force in hoboken, across the river, a long line of ambulances, outside another big manhattan hospital, bellevue, right now, evacuating patients. 700 patients in all, this will be going on all night long after a day of running the generator, the rooftop generator with buckets of fuel from the basement, passed hand to hand up 13 flights of stairs if you can imagine. th
you are such a great business reporter, you know, what i really want to know this week, what's on the tax returns that mitt romney won't show us? that's what america wants to know. what's he hiding? >> the great thing is that ali velshi will tell us on that as well. and he is outstandingly courageous. we have to go. we're running late. >> if you don't like it here, come work for me. >> that is worse than standing in the water in atlantic city. >> that's true....
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we both agree we agree we had to bring the tax rates down i felt the same as the president did governor romney i'm glad. you agree let's come back to something the president i agree on and then to you that the voters have a choice to have sex with you wondering who to vote for when romney and obama agree on so many things never you do have other options come november sixth going to see the second round in debate with a major third party candidate right here on our t.v. . if. we speak your language they will not advance. news programs and documentaries and spanish matters to you breaking news a little tentative angola's cadence stories. you hear. that troy all teach spanish find out more visit actuality. if. welcome back to spotlight i'm al green of in just a reminder that stephen cohen is my guest on the show today stephen cohen american historian and renowned expert on russia u.s. relations stephen let's stick to the election to the elections upcoming elections in the united states well you are a historian and any story and remember not only historians actually remember that the russia
we both agree we agree we had to bring the tax rates down i felt the same as the president did governor romney i'm glad. you agree let's come back to something the president i agree on and then to you that the voters have a choice to have sex with you wondering who to vote for when romney and obama agree on so many things never you do have other options come november sixth going to see the second round in debate with a major third party candidate right here on our t.v. . if. we speak your...
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the federal tax, the federal payroll tax, state tax, gasoline tax. it was over half of what they made. you start a business, your chance of success is not even as good as 50/50. most small businesses won't make it. it's a risky thing to do. if you're successful, the government wants more than half of what you make. a lot of people decide not to build businesses. today, we're at the lowest level of new business startups in 30 years. so i want to change this dynamic and make business recognize they have a friend in washington, not a foe. i believe if we do that, we do those five things and get those five done, we're going to create 12 million new jobs. [ cheers and applause ] by the way, the governor also mentioned something about my record as governor in terms of reaching a i cross the aisle. recognize, to get those five things done and to get america strong again, we have to stop the dividing and the attacking and the demonizing. we've got to reach across the aisle, bring in good democrats with good republicans and finally do the people's business an
the federal tax, the federal payroll tax, state tax, gasoline tax. it was over half of what they made. you start a business, your chance of success is not even as good as 50/50. most small businesses won't make it. it's a risky thing to do. if you're successful, the government wants more than half of what you make. a lot of people decide not to build businesses. today, we're at the lowest level of new business startups in 30 years. so i want to change this dynamic and make business recognize...